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even steve jobs used to eat there." and mona's sort of taken aback and bites her tongue and doesn't say, "steve jobs is your son." but she looks shocked, and he says, "yeah, he was a great tipper." >> and i was in that restaurant once or twice, and i remember meeting the owner, who was from syria, and it was most certainly him, and i shook his hand, and he shook my hand, and that's all. >> and jobs never spoke to him, never talked to him, never got in touch with him, never wanted to see him. [ticking] >> coming up, steve jobs delays cancer surgery. >> how could such a smart man do such a stupid thing? >> you know, i think that he kind of felt that if you ignore something, if you don't want something to exist, you can have magical thinking, and it had worked for him in the past. >> more steve jobs when 60 minutes on cnbc returns. lots of prepaid cards come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cas
even steve jobs used to eat there." and mona's sort of taken aback and bites her tongue and doesn't say, "steve jobs is your son." but she looks shocked, and he says, "yeah, he was a great tipper." >> and i was in that restaurant once or twice, and i remember meeting the owner, who was from syria, and it was most certainly him, and i shook his hand, and he shook my hand, and that's all. >> and jobs never spoke to him, never talked to him, never got in touch...
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steve mcmahon, purple strategies. when the cameras aren't rolling, you love and respect leader armey. >> well, one of the things that happen in washington is you're in these green rooms all the time and i don't agree with him on anything, but he's a terrific guy. >> i saw a parity and ann coulter and al sharpton got off appearing on some show and they high fived each other in the green room and they were calling each other honey and what's our next gig, where is it going to be? and it was totally, hate when they're out there arguing. >> they're human beings. and it's the way washington used to work. people used to socialize together, whether they were democrats or republicans. they built an entire notion on the company that you can get democrats and republicans to work together to solve business and brand challenges. that's the key issue. >> they don't know each other. they don't socialize each other. there's a taint with doing it. let me give you an idea. we've got a fiscal cliff now. we have the fiscal abyss next ye
steve mcmahon, purple strategies. when the cameras aren't rolling, you love and respect leader armey. >> well, one of the things that happen in washington is you're in these green rooms all the time and i don't agree with him on anything, but he's a terrific guy. >> i saw a parity and ann coulter and al sharpton got off appearing on some show and they high fived each other in the green room and they were calling each other honey and what's our next gig, where is it going to be? and...
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conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome....
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. >> i would argue and i think steve will also argue it is not just technicals but also fundamentals. earnings are slowing. >> this is a key. if you look at multiple compressions this doesn't hold for all stocks. if you show me a company where the top line is slowing. that doesn't hold all the time. for a stock like this it is widely held and most likely going to happen that way. >> that chart is something. if somebody put that chart in front of you and didn't tell you what it was you would not be buying it. you could say that rally is something to be sold. put a chart in front when you don't know what it is. apple has a great name but when you look at the chart it is a different story. >> he is making the comparison to microsoft as well as google. on microsoft the price to earnings decline has been on decline since the tech bubble. microsoft has not seen that resurgence even though the base is very large. on google the share of search has been steady a mid 60% or so. and as this has peaked so has the p.e. sounds familiar. >> and i have said it before. when products become ubiquitous,
. >> i would argue and i think steve will also argue it is not just technicals but also fundamentals. earnings are slowing. >> this is a key. if you look at multiple compressions this doesn't hold for all stocks. if you show me a company where the top line is slowing. that doesn't hold all the time. for a stock like this it is widely held and most likely going to happen that way. >> that chart is something. if somebody put that chart in front of you and didn't tell you what it...
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thanks for having me. >> steve yankovi ch for ebay. going over the fiscal cliff could cause major problems for state economies. which face the biggest threat from the potential tax hikes? joining us on the phone is laura porter, managing director at the public finance department, sector head for the state ratings group which focuses on state credits across the country. and focuses on a report, laura, looking granularly at this. good morning. >> good morning. thanks for having me. >> in general, you argue that a lot of ratings on the state front will remain unchanged no matter what. why is that? >> we feel states are fundamentally very strong credits, have strong control over their revenues and spending and the vast majority have shown the ability and willingness to adjust. so we think that the biggest and immediate threat is the fiscal cliff and what that can mean for state revenues, which quickly react to changing economy. >> you make the point -- surprise to no one, you have an unusually high degree of uncertainty in this outlook and
thanks for having me. >> steve yankovi ch for ebay. going over the fiscal cliff could cause major problems for state economies. which face the biggest threat from the potential tax hikes? joining us on the phone is laura porter, managing director at the public finance department, sector head for the state ratings group which focuses on state credits across the country. and focuses on a report, laura, looking granularly at this. good morning. >> good morning. thanks for having me....
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steve, good morning. >> good morning, becky. thanks. the stronger than expected jobs were not making believers of many economists. they continue to expect weak fourth quarter growth after that number came in at 146,000 with an expectation of around 85,000. fourth quarter growth estimates range from a low of below a half a point, 0.4%. that coming from morgan stanley. the high from what i could gather this morning, 1.5% at jpmorgan. remember that third quarter growth was 2.7 pfrs. a lot of this, though, is going to be inventories. suggesting the growth back drop a little bit stronger than what the number might imply. but the declining unemployment rate fell 0.2 to 7.7% complicates the job for the fed which is expected to place operation twist, where it sells short-term securities and buys long-term ones, with just outright asset purchases on the long end. here's the fed forecast for the fourth quarter. notice the actual there, at 7.7%. it's now at -- the forecast for the end of this year,.1%. it's now averaging you can see there on the l
steve, good morning. >> good morning, becky. thanks. the stronger than expected jobs were not making believers of many economists. they continue to expect weak fourth quarter growth after that number came in at 146,000 with an expectation of around 85,000. fourth quarter growth estimates range from a low of below a half a point, 0.4%. that coming from morgan stanley. the high from what i could gather this morning, 1.5% at jpmorgan. remember that third quarter growth was 2.7 pfrs. a lot of...
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i mean, where are you on this, rick -- or, i'm sorry, steve? >> interesting. >> i'm just -- no, that i called you rick? no, because of rick perry. but i think that's what you're alluding to. >> yeah. >> was it that one that you wanted to get rid of the department of education? >> the role -- >> i like the idea of giving it down to the states. >> the idea that a department of education in washington, d.c., should be making decisions for each of the states is just ludicrous, you know, from a constitutional standpoint, it just is not functional. >> when was it is, 1980? i mean, it's a relatively recent addition that has swallowed up democracy. >> the money that comes and creates more bureaucracy and then they try to dictate to the states, here, race to the top's a good example of it. we tell them, you know, with all due respect, we don't want to participate in race to the top. because we asked them, well, can we take a look at the national standards that you want to put in place and can we see the tests? well, those aren't done yet. not unlike the
i mean, where are you on this, rick -- or, i'm sorry, steve? >> interesting. >> i'm just -- no, that i called you rick? no, because of rick perry. but i think that's what you're alluding to. >> yeah. >> was it that one that you wanted to get rid of the department of education? >> the role -- >> i like the idea of giving it down to the states. >> the idea that a department of education in washington, d.c., should be making decisions for each of the...
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our guy steve groves was writing papers on this weeks and weeks ago. we're also surprised frankly the senate would bring it up in a lame duck session. this is something that needs full and considered -- >> they're going to bring it up again next year. you won't be there. >> they can bring it up and we'll take the same position. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less go
our guy steve groves was writing papers on this weeks and weeks ago. we're also surprised frankly the senate would bring it up in a lame duck session. this is something that needs full and considered -- >> they're going to bring it up again next year. you won't be there. >> they can bring it up and we'll take the same position. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not...
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pierre and steve sarich will join us. he's filed a lawsuit to try to overturn that law. >>> then, an army of one. but does it still apply when it comes to religion. we'll talk to an outgoing west point cadet. he resigned five months before he was supposed to graduate. he said he was discriminated against because he's not religious. that and many other stories. >> looking forward to it. >>> it's hard to get into the holiday spirit with temperatures around the country as warm as they have been. but i am doing a really good job of it. meteorologist alexandra steele is in for rob. how warm is it? i've got to tell you, it was a little cooler this morning. >> that's right. and it will be cool today. you should be in the low 40s this time of year, and today that's where you've been, but she's referring to the 60s of the past few days. so where's the winter ban? waking up in the morning, you probably enjoy that lack of cold, cold air. but the last nine days around the country, we've seen 1,600 record highs fall. we've got the war
pierre and steve sarich will join us. he's filed a lawsuit to try to overturn that law. >>> then, an army of one. but does it still apply when it comes to religion. we'll talk to an outgoing west point cadet. he resigned five months before he was supposed to graduate. he said he was discriminated against because he's not religious. that and many other stories. >> looking forward to it. >>> it's hard to get into the holiday spirit with temperatures around the country as...
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. >> steve, what is the army's role in all of this. that's the piece people don't understand. you have morsi, muslim brotherhood and others behind this constitution. liberals, secularists opposing it. where does the army stand? >> the military has essentially removed itself from the political system. the new military leadership that came into power in mid-august as a result of morsi's declarations have a deal with him. they were relieved of the burden of having to govern egypt. removing themselves from the political system is more in keeping with the history of the egypt armed forces since the 1967 defeat when they determined being a political army was not good for their organization and their ability to fight a war on the battlefield. >> when you look at the struggle, is it first of all essentially the islamist versus the secularist, and is it fair to say as everybody does the islamists have greater appeal, they're better organized, they're going to win this? >> i think it is, right now there are basically three groups here that are contending for the loyalties of the great u
. >> steve, what is the army's role in all of this. that's the piece people don't understand. you have morsi, muslim brotherhood and others behind this constitution. liberals, secularists opposing it. where does the army stand? >> the military has essentially removed itself from the political system. the new military leadership that came into power in mid-august as a result of morsi's declarations have a deal with him. they were relieved of the burden of having to govern egypt....
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steve jobs or ashton kutcher? we're getting a first look at the film. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars that moment you enjoy it at home. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> we're getting our first look at ashton kutcher as steve jobs this morning. here is cnn's michelle turner. >> we can share the first image from the film which stars ashton kutcher behind the legen
steve jobs or ashton kutcher? we're getting a first look at the film. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars that moment you enjoy it at home. to help those affected and...
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. >>> a new movie about steve jobs will premier at the sundance film festival. you see ashton kutcher looks like a young jobs. it covers a 30 year span. another movie you have to see. >> i will see it for sure. thank you. >>> you're in "the situation room." syrian rebels laying siege to a key government military base. aur own arwa damon is on the ground inside syria and behind rebel lines. and violence spreading in egypt. protesters break through barriers to attack police as ambulances race to the presidential palace. and why a father fears he'll never see his 5-year-old daughter again unless the united states supreme court steps in. >>> we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> weeks of violent protests in egypt are now spreading. demonstrators, angry at a perceived presidential power grab, delivered their outrage today at the presidential palace in cairo, where at one point protesters breached the security barricades. you just got back from some of those violent protests at t
. >>> a new movie about steve jobs will premier at the sundance film festival. you see ashton kutcher looks like a young jobs. it covers a 30 year span. another movie you have to see. >> i will see it for sure. thank you. >>> you're in "the situation room." syrian rebels laying siege to a key government military base. aur own arwa damon is on the ground inside syria and behind rebel lines. and violence spreading in egypt. protesters break through barriers to...
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i'm not understanding. >> let's ask steve smith. he is a deputy superintendent of the atlanta public schools. adrienne is yawning, so i'll give her a break for a little bit. why no carbon monoxide monitors? that seems basic. they're not all that expensive. i think you can get one on amazon for 5 bucks or something. >> thanks for asking, soledad. utmost importance is to make sure that our staff and students are safe. while the law doesn't require for us to have the carbon monoxide detectors in the schools, certainly as a result of this incident it will prompt us to look into that matter which we actually started yesterday. our understanding is actually there are probably -- there are some state that is currently do have that option. and that's going to prompt us, as a result of yesterday's incident, we've already started that process. >> in the state of georgia, where you are, if you're in a residents, you have to have a carbon monoxide monitor. it seems contradictory that your school, which is relatively new, built in 2005 or someth
i'm not understanding. >> let's ask steve smith. he is a deputy superintendent of the atlanta public schools. adrienne is yawning, so i'll give her a break for a little bit. why no carbon monoxide monitors? that seems basic. they're not all that expensive. i think you can get one on amazon for 5 bucks or something. >> thanks for asking, soledad. utmost importance is to make sure that our staff and students are safe. while the law doesn't require for us to have the carbon monoxide...
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want to bring in sergeant steve martos from the phoenix police department. welcome. any idea at this hour where emily is? >> unfortunately we don't. we're still out there searching, we're following up on leads. however sadly at this point we don't know where she's at. >> i understand u.s. border patrol agents stopped and questioned emily's father, who is part of this whole, you know, thing recently, what did he say? >> well, unfortunately he didn't provide much information to us. he was stopped as he was entering the united states into arizona on saturday night into early sunday morning. border patrol agents on our behalf began speaking to him, he denied any involvement or knowledge about emily being removed from the hopped and sadly could not provide or did not provide information to us as to where she is. >> so then, sergeant, the obvious question is, i know this isn't perhaps an answer -- an answer for the hospital, but how does a mother and this child who now has her arm amputated, who is walking around, looks like with an rv, you know, how does she manage to sli
want to bring in sergeant steve martos from the phoenix police department. welcome. any idea at this hour where emily is? >> unfortunately we don't. we're still out there searching, we're following up on leads. however sadly at this point we don't know where she's at. >> i understand u.s. border patrol agents stopped and questioned emily's father, who is part of this whole, you know, thing recently, what did he say? >> well, unfortunately he didn't provide much information to...
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and congressman steve latourette will join us as well. cnn "newsroom" with carol costello begins right now. >>> bragging rights, iran claims they captured a u.s. drone and issues a warning "we shall trample on the united states." >>> drunk and partying the night before he shocked the nfl and fans. >>> director kathryn bigelow talks about the controversy over her bin laden death movie. >> i think it's nice because now the film can speak for itself and i certainly have a feeling that a lot of those debates will transition to something slightly less controversial. >> the full interview straight ahead. >>> so you don't read runway ? >> no. >> before today you never heard of me. >> no. >> you have no style or sense of fashion. >> i think that depends on what your -- >> no, no, that wasn't a question. >> the devil's diplomacy. vogue editor anna wintour, u.s. ambassador? maybe. "newsroom" starts now. good morning. thank you so much for joining me. i'm carol costello. this morning iran is bragging. it claims it capture d an american drone. the u.
and congressman steve latourette will join us as well. cnn "newsroom" with carol costello begins right now. >>> bragging rights, iran claims they captured a u.s. drone and issues a warning "we shall trample on the united states." >>> drunk and partying the night before he shocked the nfl and fans. >>> director kathryn bigelow talks about the controversy over her bin laden death movie. >> i think it's nice because now the film can speak for...
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. ♪ >> you can take your jazz cigarette and mary jane but me and steve know the truth path to enlightenment is prescribed by doctors. side effect may include exhilaration, colored lenses. >> jon: al m ( cheers and applause ). >> jon: welcome back. my guest tonight, former senator from wyoming, also the cochair of the national commission on fiscal responsibility and reform, also known as the simpson/bowles plan, please welcome, senator allan simpson. sir. >> yuck man. young man. >> how are you? >> jon: nice to see you, senator, how are you? >> good, i saw that last segment. i thought maybe that would liven everything up for me. ( laughter ). i don't want to get into that. that wouldn't be a thing to do. >> jon: next time i'll make sure it's in the gift bag for everybody. ( laughter ). >> maybe just the cookies. >> jon: just the cookies. ( laughter ). so let me-- let me start with you. two years ago, two and a half years ago, you are aproasmed to chaiapproached tochair a commits to set up a deficit reduction plan for the country. you study it. you're very diligent. everybody hates it within 2
. ♪ >> you can take your jazz cigarette and mary jane but me and steve know the truth path to enlightenment is prescribed by doctors. side effect may include exhilaration, colored lenses. >> jon: al m ( cheers and applause ). >> jon: welcome back. my guest tonight, former senator from wyoming, also the cochair of the national commission on fiscal responsibility and reform, also known as the simpson/bowles plan, please welcome, senator allan simpson. sir. >> yuck man....
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steve in gaithersburg, maryland, a republican caller. caller: host: when did the republican party become the party that restricts poor? i understand the tax cut for the rich is important to some people, but i feel the good thing would be unlimited in of government at the federal level. that has nothing to do with this. that would be more on the spending cuts. host: what do you make of the back a plan being reported by the new york times saying if we cannot come to some sort of deal, we should just passed tax cuts for the middle class americans and then fight later on for spending cuts and increasing taxes for the wealthy? caller: the tax cut for the general population is great. that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there wo
steve in gaithersburg, maryland, a republican caller. caller: host: when did the republican party become the party that restricts poor? i understand the tax cut for the rich is important to some people, but i feel the good thing would be unlimited in of government at the federal level. that has nothing to do with this. that would be more on the spending cuts. host: what do you make of the back a plan being reported by the new york times saying if we cannot come to some sort of deal, we should...
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we won in montana with steve bullock. he was a real leader, a real job creator, he is going to do great things in montana. we won in washington state with jay insl e! news who has been focused on economic development. we won there in a tight race. we come into this with a temperaturic organization that is well organized and can win even when we have have less friends than our other side. having said that, in 2014, we're looking a huge number of races. there are 34 races. so 2014 is going to be a huge year. . we have an exintruder candidate. he started his own business when he was 14 years old. now running against a right-wing tea party candidate attorney general there who literally said when asked do you align yourself with the tea party, he said i don't just align myself with the tea party i am a tea party groupie. it was rejected and we have high hopes for terry in virginia and we're going to help him. in new jersey it is no question that governor christie is popular. there are a lot of candidates, strong candidates in
we won in montana with steve bullock. he was a real leader, a real job creator, he is going to do great things in montana. we won in washington state with jay insl e! news who has been focused on economic development. we won there in a tight race. we come into this with a temperaturic organization that is well organized and can win even when we have have less friends than our other side. having said that, in 2014, we're looking a huge number of races. there are 34 races. so 2014 is going to be...
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one of the things that steve has worked on a great deal, and i do not want to take away his thunder, a look at how americans will stay competitive -- if we look at how america will stay competitive -- i hear your phone -- [laughter] the question of whether or not a merkel be able to compete, whether we will be able to make investments, are we -- are we going to be able to have the kind of innovation that creates jobs? north of 80% of the net new jobs made in america in the last 20 years have come from start-ups. where had the talent come from? disproportionately from a first generation americans. we are very lucky particularly in northern virginia, which rivals only the silicon valley in terms of the number of tech- related startups, you look a little deeper, and a 1 1/3 of the tech startups in northern virginia had one of the co- founders or founders as a first generation american. the numbers in the valley are even higher. how do we maintain that? one is talent. i will come back to that in a moment. another piece of this which we think is very complementary and something that steve
one of the things that steve has worked on a great deal, and i do not want to take away his thunder, a look at how americans will stay competitive -- if we look at how america will stay competitive -- i hear your phone -- [laughter] the question of whether or not a merkel be able to compete, whether we will be able to make investments, are we -- are we going to be able to have the kind of innovation that creates jobs? north of 80% of the net new jobs made in america in the last 20 years have...
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steve. caller: i happen to be in the minority that thinks it is a good thing because it raises taxes on folks and pays for government programs that have to be paid for, but i am intrigued by the statement from mr. buckley that there will be chaos if the amt is permitted to go forward, or if it is not attached in 2012. what chaos will happen? people will have to pay more taxes. it is not as if people are sitting around tax software anticipating what taxes are going to be. people will be hit with a tax bill that will be calculated, and quite frankly, in a more simplified form been standard tax law. host: professor bob kelly? guest: when i say chaos i am -- professor buckley? >> when i say chaos, i am referring to two things. the irs has done programming based on their being a patch enacted by the end of the year. most tax returns software has made the same calculated gamble. i agree that the government needs revenue. i do not think there is any question of that. if you just say that the amt is
steve. caller: i happen to be in the minority that thinks it is a good thing because it raises taxes on folks and pays for government programs that have to be paid for, but i am intrigued by the statement from mr. buckley that there will be chaos if the amt is permitted to go forward, or if it is not attached in 2012. what chaos will happen? people will have to pay more taxes. it is not as if people are sitting around tax software anticipating what taxes are going to be. people will be hit with...
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host: all right, steve, haymarket, virginia. caller: i used to make $3.5 million per year in gross and it usually only cost me $3.6 million to do it. i paid over $1 million per year in 20 years. you know what happened? i got put out of business by the irs. i do not think people understand what riches. by the way, i kept 35 families supplied with money, health care, and everything. in gratitude, the government put me out of business. the fiscal cliff is something that we need to go over, that way we can enhance our military to special forces and get us some better weaponry. lose the people who are vacationing in all of these foreign countries, limiting the military to doing what it absolutely has to do. host: you are probably the fourth person here who has said we should go over the cliff. the headline from november in "the financial times" was that the fall in consumption would be $200 billion if we go over the cliff. that the u.s. consumer is crucial to growth, they went on to say, because it made up 70% of gdp. some are predic
host: all right, steve, haymarket, virginia. caller: i used to make $3.5 million per year in gross and it usually only cost me $3.6 million to do it. i paid over $1 million per year in 20 years. you know what happened? i got put out of business by the irs. i do not think people understand what riches. by the way, i kept 35 families supplied with money, health care, and everything. in gratitude, the government put me out of business. the fiscal cliff is something that we need to go over, that...
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bill says -- and biff -- and steve says -- and finally, jim says -- robert, north carolina, the republican line. caller: after this term of four years with the democrats, i don't think she has a chance. i am a business owner. four more years of this, i will be out of business. host: what kind of business do you have? caller: bulldozer's. host: how has business been over the last couple of years? caller: bad. i am barely staying in business. i do not know what to look forward to. i can hardly stay in business. the democrats in this country i think is wanting to kill us. business people, i cannot stand much more of it. host: robert on the republican line. linda is in texas. caller: i am just thrilled with the idea then. the only thing i would be more thrilled about is obama for a third term. host: but that is not constitutional. caller: a good president with a good philosophy for this country. what the role of government is, he is the right person at the right time to get this country hope and unity once again. that man who just got off the phone does not even realize he is voting against hi
bill says -- and biff -- and steve says -- and finally, jim says -- robert, north carolina, the republican line. caller: after this term of four years with the democrats, i don't think she has a chance. i am a business owner. four more years of this, i will be out of business. host: what kind of business do you have? caller: bulldozer's. host: how has business been over the last couple of years? caller: bad. i am barely staying in business. i do not know what to look forward to. i can hardly...
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i think that the best estimate of this as done by university of chicago economist steve davis and co-authors, where they have this cool new index. it is a very innovative paper. they estimated that debt limit struggle subtracted about 1.5% from g.d.p. growth during that summer when it was happening because of the uncertainty and the inactivity caused by high levels of uncertainty. eve time we go through there, we bear a negative short-run cost. but if that is what it takes to get spending under control, then we have to concede that in the long run there is a benefit that we don't have these massive deficits crowding out long-term growth. the struggle would depending on whether debt reduction buys space for private capital or not. we may have higher economic growth in the long-run because we went through that struggle. >> so your position is we should be ready to go through that struggle again and in fact default on the national debt if necessary in order to enforce spending limits? >> that is of course not my position. my position is we should never default on the national debt. the politics
i think that the best estimate of this as done by university of chicago economist steve davis and co-authors, where they have this cool new index. it is a very innovative paper. they estimated that debt limit struggle subtracted about 1.5% from g.d.p. growth during that summer when it was happening because of the uncertainty and the inactivity caused by high levels of uncertainty. eve time we go through there, we bear a negative short-run cost. but if that is what it takes to get spending under...
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steve and alexander, virginia commuter next. >> caller: i have had to be in the minority that thinks the amt is a good thing because it arbitrarily raises the taxes on folks and government programs have to be paid for. i'm really intrigued with mr. buckley's statement that there is going to be chaos if the amt is permitted to go forward or that it's not patched in 2012. what chaos is going to happen? people will have to pay more taxes and it's not as if everyone is sitting around their tax offer right now, anticipating what their taxes are going to be. it's basically individuals will be hit with a tax bill, which is going to be calculated and quite frankly more simplified form than the standard tax law. >> host: professor buckley. >> guest: when i say chaos, i am referring to two things. first, the irs has done all of its internal programming based on the assumption that there would be an amt patch enacted by the end of the year. that would be a fairly large undertaking by the irs to change that. my assumption is most tax return preparation software has made the same calculated gambl
steve and alexander, virginia commuter next. >> caller: i have had to be in the minority that thinks the amt is a good thing because it arbitrarily raises the taxes on folks and government programs have to be paid for. i'm really intrigued with mr. buckley's statement that there is going to be chaos if the amt is permitted to go forward or that it's not patched in 2012. what chaos is going to happen? people will have to pay more taxes and it's not as if everyone is sitting around their...
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>> steve, very simply, the u.s. situation with respect to our deficit and debt is a national security liability. we need our senior leadership. we need a senior leadership to take it on. we have an opportunity to do so. we have a requirement to do so. at the foundation of national power is ultimately economic comment and in terms of global influence, in terms of the ability to support a military, the economic is foundation. and we have i think the united states, both an opportunity to require it to get our house in order, and i believe that our 100 senators and members of the house will step up on this and sufficient majority in the coming months. >> how do you look at your surplus of the u.s.? does that say we have america under our control? >> we are one of the closest allies of the united states. so of course our position today to united states is very, very decisive, strengthen our relationship. so these are not, there is no intention for us to try to use this kind of economic relationship in different context.
>> steve, very simply, the u.s. situation with respect to our deficit and debt is a national security liability. we need our senior leadership. we need a senior leadership to take it on. we have an opportunity to do so. we have a requirement to do so. at the foundation of national power is ultimately economic comment and in terms of global influence, in terms of the ability to support a military, the economic is foundation. and we have i think the united states, both an opportunity to...
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james gustav, steve forbes and george gilder all weigh in. watch this and more all weekend long on booktv. for a complete schedule, visit booktv.org. >> now, from albany, new york, we hear about the state-mandated new york state writer's institute. the program promotes cultural initiatives through author presentations, workshops, film screen things and more -- screenings and more. >> i can see each event just as vividly as i can see the posters before me. i'm donald faulkner, i'm director of the new york state writer's institute, and what we do, what i do is kind of herd intellectual cats. we bring a lot of writers through to albany to do readings, we also do a number of other types of programs, events, writing workshops and film series and programs with young writers and a summer institute that we run in saratoga. >> the life of the -- my life in the last few years was, i suppose you'd call it adventurous. but this thing ruined everything. [laughter] >> we go far and wide, find the best writers that we can and bring them to albany. it's like
james gustav, steve forbes and george gilder all weigh in. watch this and more all weekend long on booktv. for a complete schedule, visit booktv.org. >> now, from albany, new york, we hear about the state-mandated new york state writer's institute. the program promotes cultural initiatives through author presentations, workshops, film screen things and more -- screenings and more. >> i can see each event just as vividly as i can see the posters before me. i'm donald faulkner, i'm...
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. >> steve reed. >> chancellor aware because of his continuing inadequate level of funding to school building which today's statement is not correct, london councils across party body is estimating that by 2016, one in every 10 primary age children and son will not have a permanent school place? >> first of all, can i take this opportunity to welcome him to the house of commons. congratulate him on his victory. he rightly wants to speak on behalf of his constituents. what i would say is the pressure on london's schoolhouschoolhou ses, for some years is a huge issue when we came into office. we have provided additional capital spending for new school places. the money we announced over a billion pounds we announced today is also to deal with areas where there's high pressure. i will make sure that my runoff on education secretary -- [inaudible] >> julian smith. >> more money for the regional growth fund is great news for yorkshire. and the chancellor give details to the house of? >> there will be more money for the region growth fund. that has been help for securing and creating up to
. >> steve reed. >> chancellor aware because of his continuing inadequate level of funding to school building which today's statement is not correct, london councils across party body is estimating that by 2016, one in every 10 primary age children and son will not have a permanent school place? >> first of all, can i take this opportunity to welcome him to the house of commons. congratulate him on his victory. he rightly wants to speak on behalf of his constituents. what i...
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had he said how i hate i was redistrict out of steve israel's district. i am now represented by peter king. yikes. >> paula move: man. talk about going from one of the best to one of the worst. >> find us @bpshow on twitter. >> bill: it's pretty clear from talking with steve israel and just watching the debate over this fiscal cliff that when it comes to the middle class, republicans don't give a rat's ass. right? >> they are pull yourself up by your boot straps even if you can't afford boots. they don't care if you are poor. it's your fault. when mitt romney said the 47% comment and when he was recovered on that finance call after losing the election saying that, you know, obama will be giving out presents to people and you had some serious people in the room and say mitt romney is wrong. he shouldn't be saying this. >> that's not how we feel they certainly govern like they feel that way. you can listen to talk shows and hear anybody underscore what mitt romney's sentiment was but as far as congress was, republicans gone like mitt romney talks. >> yeah.
had he said how i hate i was redistrict out of steve israel's district. i am now represented by peter king. yikes. >> paula move: man. talk about going from one of the best to one of the worst. >> find us @bpshow on twitter. >> bill: it's pretty clear from talking with steve israel and just watching the debate over this fiscal cliff that when it comes to the middle class, republicans don't give a rat's ass. right? >> they are pull yourself up by your boot straps even if...
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. >> steve calling from dallas the texas. hey, steve. good morning. >> how is it going? >> first up. >> i am a first-time viewer. love the show. >> bill: great to have you on board. thank you. >> i wanted to say, to me, i have no problem with same-sex marriages. my whole thing is this is a subject that just needs to be put to rest. i mean i want to get to the bigger issues, the more issues, which is my economy. i want to know what's going on with that, where we are going to go from here. >> bill: yeah. caller: to me, it's more important than whether jimmy and johnny want to get married. >> bill: steve, i am so glad you said that because i think most americans -- at least more and more americans feel that way. right? let's focus on what's important in our lives. right? caller: it's either that or big bird. >> peter: the big issues. >> bill: all right, steve. good to hear from you. now, let's hear, you know, now that you are with us one day, stick around for a while. barbara on the west coast in seattle, washington, what do you say, barbara? caller: well, i tell you i talk
. >> steve calling from dallas the texas. hey, steve. good morning. >> how is it going? >> first up. >> i am a first-time viewer. love the show. >> bill: great to have you on board. thank you. >> i wanted to say, to me, i have no problem with same-sex marriages. my whole thing is this is a subject that just needs to be put to rest. i mean i want to get to the bigger issues, the more issues, which is my economy. i want to know what's going on with that, where...
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now, tick tim cook is changing steve jobs' philosophy. he is bringing the company in a welcomed new direction, telling brian williams that starting next year they will manufacture one entire line of computers here in the u.s.a. $100 million worth. just anytime for me because now i can switch from my del laptop to a new macpro. how excited it will be to buy that macpro and see those magic words stamped on the back of it, "made in the u.s.a. "that's my parting shot for today, folks here we go into the weekend. enjoy it. kick back. make the most of it. get all of your christmas shopping done and come on back and see us right here on monday! have a good one. >> this is "the bill press show."
now, tick tim cook is changing steve jobs' philosophy. he is bringing the company in a welcomed new direction, telling brian williams that starting next year they will manufacture one entire line of computers here in the u.s.a. $100 million worth. just anytime for me because now i can switch from my del laptop to a new macpro. how excited it will be to buy that macpro and see those magic words stamped on the back of it, "made in the u.s.a. "that's my parting shot for today, folks here...
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obama in silicon valley and steve jobs says those jobs are never coming back, mr. president. stop talking about it. they ain't coming back. >> he was wrong apparently. >> bill: well, that was his policy and now somebody else is in charge. >> this is going to be building apple computers. they're still going to be building iphones and eye pats in china which makes up most of their business but this is a very good first step to bring jobs to america from apple. good for them. >> bill: i wonder where. >> they haven't announced where. we're tweeting at bp show at bpshow on twitter. we're talking about the fiscal cliff. ruth says i've said for a long time republicans are so far to the right they're falling off the edge. i didn't realize it was a cliff they were up against. mark says i have my seat belt on and i'm ready to go over the cliff. no deal is better than a b.s. deal. and skip says the g.o.p. is on their way to wiping out the remainder of the middle class ending social security medicare and medicaid and home mortgage deductions. >> bill: so, michael, we hear that
obama in silicon valley and steve jobs says those jobs are never coming back, mr. president. stop talking about it. they ain't coming back. >> he was wrong apparently. >> bill: well, that was his policy and now somebody else is in charge. >> this is going to be building apple computers. they're still going to be building iphones and eye pats in china which makes up most of their business but this is a very good first step to bring jobs to america from apple. good for them....
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steve ducey fox and friends. >> every day the nation gets one step closer to the so-called fiscal cliff. right now, there are only 25 shopping days left for congress and the president to negotiate a deal. he doesn't want to make a deal. less less monday at the hall, more -- he's less monty hall, more monti burns to extract pain on the republicans. >> stephanie: so the issue that he ran and won on -- >> well, i think what's so frustrating for republicans is the last time we had some of these dopey countdown to the clock of armageddon was with the debt deal. and republicans were in a much stronger position for better or for worse just because they were willing to you know, blow up the whole debt deal, et cetera. so i think you know, they wish it was like that. they wished -- when that unfolded, obama was taking hit after hit. he did not have the leverage. he obviously hadn't just won an election. his approval ratings were going in the tank. so they're upset that this isn't a rerun. they're upset that obama seems to be holding a lot of the cards. they're upset the republicans seem weak and
steve ducey fox and friends. >> every day the nation gets one step closer to the so-called fiscal cliff. right now, there are only 25 shopping days left for congress and the president to negotiate a deal. he doesn't want to make a deal. less less monday at the hall, more -- he's less monty hall, more monti burns to extract pain on the republicans. >> stephanie: so the issue that he ran and won on -- >> well, i think what's so frustrating for republicans is the last time we had...
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what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look at his returns, i think he started in 92, one down here. he is up this year, so far, 10%. that is why the feds are after him. i have been speaking to a lot of people with the fpi. long-term returns, consistent and less volatility. what they do, generally, they look at returns, pretty much steady returns, not a lot of volatility. you look at steve collins return, one down year. you look at warren buffett. he destroys profits over that peri
what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve...
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melissa: steve, you get an "a" for math..3 thanks for coming on.% we appreciate it. >> fir timen my entire life i got an a for math melissa: we crunched cost for each plan. my next guest says there is in fachehe sa the republicans are waging a wa on working people in america. sheilajackson-lee is democratic congresswoman from texas. she joins in a fox business exclusive to tell us why. congresswoman, thanks so much for ming on the show. let me get your reacon to what youust heard? >> melissa? melissa: were you able to hear the discussion that came before you? we were talking abo comparing al the plans side by side, whher it was going over t cliff or it was the rublican plan or the white hoe's plann at we shoulddo to avoid going over the iff. the main point we ce to at the end no of it really does anything to ckle the debt and decit. what do yo thin about that? first of all, melissa, one thing i want to say to the american people we're all unified, and that is completely different matter just to say syria will not t weapons of mass destruction dtroyot only their peoe but those around the su
melissa: steve, you get an "a" for math..3 thanks for coming on.% we appreciate it. >> fir timen my entire life i got an a for math melissa: we crunched cost for each plan. my next guest says there is in fachehe sa the republicans are waging a wa on working people in america. sheilajackson-lee is democratic congresswoman from texas. she joins in a fox business exclusive to tell us why. congresswoman, thanks so much for ming on the show. let me get your reacon to what youust...
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dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are goi
dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not...
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steve, i want to get back to you here. the democrats say, wait a second, wait a second, you raise taxes on the rich just like the clinton did back in 1992 and you end up with a bill. you have a solid expansion. what do you make up with that argument? >> i hope they do not believe that argument. look, maybe barack obama is right. maybe if you raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there are a lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know s
steve, i want to get back to you here. the democrats say, wait a second, wait a second, you raise taxes on the rich just like the clinton did back in 1992 and you end up with a bill. you have a solid expansion. what do you make up with that argument? >> i hope they do not believe that argument. look, maybe barack obama is right. maybe if you raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there...
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steve thanks for bringing to us. i'm sorry, i'm reeling from that last fact. >> go to europe for that. gerri: exactly that is ridiculous. thanks so much for coming on. great to see you. >> good to see you. gerri: still to come, my two cents more. you may have heard it. "consumer reports" is making a list and checking it twice just like somebody else we know. find out who they think is naughty and who is nice. ♪ . [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. gerri: how naughty is your favorite company? "consumer reports" says which ones are cold this christmas on the annual naughty and nice list gerri: bank ever mechanic is throwing in the towel and giving up fight on fees. according to "the wall str
steve thanks for bringing to us. i'm sorry, i'm reeling from that last fact. >> go to europe for that. gerri: exactly that is ridiculous. thanks so much for coming on. great to see you. >> good to see you. gerri: still to come, my two cents more. you may have heard it. "consumer reports" is making a list and checking it twice just like somebody else we know. find out who they think is naughty and who is nice. ♪ . [ male announcer ] where do you turn for legal matters?...
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in early 2011, steve jobs was asked if he would bring back jobs from klechina. he says those jobs are not coming back. hold on, under tim cook, there could be some. and apple, bringing back-- spending 100 million to bring some mac here, i say it's a total drop in the bucket. >> it's a broader narrative of manufacturing leaving china and it's not just apple. and lenovo, china's largest pc maker, says it's bringing some production to the north carolina facility and ge, for instance, is bringing a lot of production back from china, small and medium sized manufacturers are doing this. go to wal-mart and look at the house brand george, all of it's made in bangladesh, used to be in china. stuart: why is manufacturing-- for years we've said china is the manufacturing center piece of the planet. why is it leaving? >> there are so many reasons. first of all, wage rates are going up much fraster than product ticht and labor peaked political risk is not a factor and now it is, china is trying to use geopolitical leverage and risk of intellectual property loss and china is
in early 2011, steve jobs was asked if he would bring back jobs from klechina. he says those jobs are not coming back. hold on, under tim cook, there could be some. and apple, bringing back-- spending 100 million to bring some mac here, i say it's a total drop in the bucket. >> it's a broader narrative of manufacturing leaving china and it's not just apple. and lenovo, china's largest pc maker, says it's bringing some production to the north carolina facility and ge, for instance, is...
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. >> it is hard to get in there. [ male announcer ] ths is steve. he loves risk. but whether he's climbing everest, scuba diving t grt barrier reef with sharks, or jumping into the marke he goes with peop he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a t of lotions doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] breakrom the holiday stress. fedex office. >> western as a big winner. nicole petallides on the floor of the stock exchange. tell us y. nicole: always been to give out winners
. >> it is hard to get in there. [ male announcer ] ths is steve. he loves risk. but whether he's climbing everest, scuba diving t grt barrier reef with sharks, or jumping into the marke he goes with peop he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. you know...
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we get his take on it next. [ m] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he n worry about other things, like what the mket is doing and being ready, no tter what happen which isn't rocket science. it's just common sense, from td ameritrade. stuart: we have our eyes on avalanche the stock this morning, it is now up after a huge drop yesterday. a lot at stake here. lot of people trying to avoid a tax bite next year. reports about apple losing market share, in the smart phone area in china and as charles said, once the stock goes down other people start selling making it fall even worse. it has been turned around and is now up $4. it was down $11 half an hour ago. the dow jones industrial average is pretty flat. it is up five points. it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no
we get his take on it next. [ m] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he n worry about other things, like what the mket is doing and being ready, no tter what happen which isn't rocket science. it's just common sense, from td ameritrade. stuart: we have our eyes on avalanche...
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point, a asked for the 30-year treasury, unchanged, we will be right back. [ male announcer ] this is steve. he loves risk. but whether he's cliing everest, scuba diving the great barrier reef with sharks, or jumpininto thearke he goes with people he trusts, which is why he trades with company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameriritrade. >> i am lori rothman with your fox business brief. stocks higher as investors continue to focus their attention on wassington and the ongoing fiscal cliff negotiations. the dow up 14 points. a settlement has been reached in a sexual assault lawsuit followed by new york hotel maid against former imf chief. the maid claims he attacked her in his room back in may of last year. no details with sediment will remain confident she'll. he did not appear in court today but was recommended by his attorney. hockey fans getting hit and checked. new york canceling games through december
point, a asked for the 30-year treasury, unchanged, we will be right back. [ male announcer ] this is steve. he loves risk. but whether he's cliing everest, scuba diving the great barrier reef with sharks, or jumpininto thearke he goes with people he trusts, which is why he trades with company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common...